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Thursday, January 23rd, 2020

Carney shifts from housing bubble to sluggish growth – Consult with a Vancouver Mortgage Broker

Carney shifts from housing bubble to sluggish growth KEVIN CARMICHAEL AND TARA PERKINS   Mark Carney can taste victory in his long-running battle against a housing bubble. For the first time in a year, the Bank of Canada on Wednesday signalled comfort that Canadians are getting the message about taking on too much mortgage debt, […]

Carney on rates: no ‘imminent’ changes

KEVIN CARMICHAEL The Globe and Mail Published Wednesday, Oct. 24 2012, 10:37 AM EDT Last updated Wednesday, Oct. 24 2012, 7:41 PM EDT Interest rates may not head higher until well into next year, but Mark Carney wants Canadians to understand that their economy is unique in that it is “in an expansion, not a recovery.” The […]

Interest rates to remain low into 2014: CIBC

June 22, 2012 by  
Filed under Latest News, Latest Rates, Recent News

The CIBC says Canadians may enjoy historically low interest rates into 2014. The bank released its new outlook for the global and Canadian economies, and all indicators point to weakening conditions and rising risks. It says Canada’s economy will barely keep its head above water with growth rates of 2.1 per cent this year and […]

Bank of Canada not seen hiking rates until Q2 2013: Reuters poll

By Jon Cook TORONTO (Reuters) – Sluggish domestic growth and uncertainty about the global economy will likely keep the Bank of Canada from raising rates until the second quarter of 2013, according to a Reuters survey. The Reuters poll of 42 economists and strategists released on Wednesday showed the median forecast for the next interest rate […]

Mark Carney sees more than a year of soft growth

The deteriorating global picture is turning what had been a soft patch for Canada’s export-heavy economy into more than a year of sluggish growth, the Bank of Canada said Wednesday in a new quarterly forecast. A day after leaving their benchmark interest rate at 1 per cent for a ninth consecutive meeting, Bank of Canada Governor Mark Carney and […]

Canadians’ household debt raises eyebrows at IMF

KEVIN CARMICHAEL The International Monetary Fund isn’t totally convinced that Canadian authorities have a handle on the risks building up in the housing market. “Developments on the housing front require increased vigilance, and consideration may need to be given to additional prudential measures to prevent a further buildup in household debt,” the Washington-based IMF says […]

Canada not headed for recession: Flaherty

Reuters  Sep 14, 2011 OSHAWA, Ontario  – Canada should see modest economic growth and avoid a double-dip recession, Finance Minister Jim Flaherty said on Wednesday. The economy shrank slightly in the second quarter, and Bank of Nova Scotia said this week the country may already be in another recession, but Mr. Flaherty said that is not […]

Consumers cope as prices rise

Canadians are digging in and watching their pennies, finding new — and old — ways to cope as the country’s highest inflation rate in eight years smacks up against record consumer debt levels. According to the RBC Canadian Consumer Outlook Index, released Wednesday, Canadians are carrying an average $13,058 in personal debt — not including […]

Steady growth in Canada amid uncertain global environment: RBC Economics

Steady growth in Canada amid uncertain global environment: RBC Economics Boost in commodity prices creates a net wealth benefit for domestic economy TORONTO, June 9, 2011 — Canada’s economy has been a frontrunner in the race to expansion with real GDP standing two per cent above its pre-recession peak and posting a 3.9 per cent […]

BoC ups growth, stands pat on rates

OTTAWA — The Bank of Canada boosted its growth forecast Tuesday but threw a curve ball at Bay Street expectations for a July interest-rate hike by warning the “persistent strength” in the loonie could cause even greater headwinds for the economy. While some analysts still expect the central bank to start raising rates in July […]

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